urjent Strictly speaking, “income deduction pension savings” is a financial product that receives tax credits rather than income deductions, so understanding the correct terminology and limits is essential to maximizing your refund. If you are an office worker who has sighed over “tax bombs” every year during the year-end tax settlement season, this guide on how … Read more
If you feel like you’re paying more in taxes every year during your year-end tax settlement, you must utilize pension savings accounts and individual retirement pension accounts to contribute up to 9 million won and secure the 1.48 million won tax credit benefit. Mr. Kim, an office worker, was disappointed by the smaller-than-expected refund from … Read more
Daishin Securities has significantly lowered its target price for LG Display from 17,000 won to 12,000 won, citing the dual challenges of a recent decline in the exchange rate and rising raw material prices. While the investment rating remains “Buy,” analysts believe the impact of the exchange rate on profitability is greater than expected. Indeed, … Read more
Opening an Individual Retirement Pension (IRP) account is an essential step for office workers looking to maximize their year-end tax deductions while building retirement funds. Kim, a colleague who used to sigh every year after taking a hit from year-end tax adjustments, filled his pension savings limit last year and immediately opened an IRP account … Read more
The South Korean men’s modern pentathlon team showcased their overwhelming prowess to win the gold medal in the team event at the 2026 Aichi-Nagoya Asian Games. In this competition, athletes Jeon Woong-tae, Lee Jong-hyun, and Seo Chang-wan displayed perfect synergy, achieving the great feat of a two-peat in the team event, following their victory at … Read more
The core of retirement pension withdrawal methods is not to take everything out as a lump sum, but to transfer the funds to an Individual Retirement Pension (IRP) account and receive them as a pension, which significantly reduces taxes. Recently, Manager Kim, who had just left a job he loved, was so happy about having … Read more
The most advantageous way to receive your retirement pension is undoubtedly to receive it in installments through a pension account after the age of 55. Many people choose to receive a lump sum when they leave their company, but this leads to a fatal mistake: they end up paying a hefty tax bill ranging from … Read more
Shinhan Bank has successfully secured the operating rights for Incheon Metropolitan City’s primary treasury account, firmly maintaining its position as the traditional custodian of the city’s funds for 24 years despite fierce competition. The city recently held a Treasury Designation Review Committee meeting and announced that Shinhan Bank was ultimately selected as the primary operator … Read more
The government has officially established the first ethical guidelines to help ensure the proper use of artificial intelligence in national research and development processes. The Ministry of Science and ICT recently released these guidelines to prevent potential side effects arising from the rapid increase in AI technology usage in research settings. As AI is widely … Read more
“Income deduction pension savings” is not an official legal term; rather, it is a colloquial expression referring to personal pension accounts opened to receive tax credits during year-end tax settlement. Every winter, it becomes a highly popular financial tool among office workers looking to boost their thirteenth-month salary. While many people still use the term … Read more